Apple Is Working on Its Own Version of Venmo

Apple is reportedly developing its own version of a person-to-person payment system to transfer money via your iPhone. The new system, which will make paying your buddy back for those four pitchers of beer and two dozen buffalo wings much easier, could be up and running in the next year, according to The New York Times. The service will rival apps like Venmo and Square Cash, and it will flesh out the Apple Wallet (currently, only 17 percent of iPhone 6 and 6s users actually use the Apple Pay service).